IFP Advisors Inc Purchases 49,531 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• IFP Advisors increased its C.H. Robinson Worldwide stake by 2,480.3% in the third quarter, buying 49,531 additional shares for a total holding of 51,528 shares valued at $7.6 million.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. Institutional investors own 93.15% of the company.
• The company pays a quarterly dividend of $0.63 per share, or $2.52 annually, representing a 1.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $190, above the stock’s reported $139.49 price.

IFP Advisors Inc lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2,480.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,528 shares of the transportation company's stock after purchasing an additional 49,531 shares during the period. IFP Advisors Inc's holdings in C.H. Robinson Worldwide were worth $7,624,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CHRW. Continuum Advisory LLC purchased a new position in C.H. Robinson Worldwide in the second quarter valued at $27,000. NBH Bank acquired a new stake in C.H. Robinson Worldwide in the second quarter valued at $29,000. Millstone Evans Group LLC lifted its holdings in C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after buying an additional 71 shares during the last quarter. Burkett Financial Services LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth about $25,000. Finally, Cornerstone Planning Group LLC lifted its holdings in C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after buying an additional 67 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW opened at $139.49 on Monday. The business's 50-day simple moving average is $147.20 and its 200-day simple moving average is $167.89. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33. The stock has a market capitalization of $16.30 billion, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business's quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 EPS. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide's payout ratio is 48.09%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CHRW shares. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Wall Street Zen raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research report on Wednesday, October 14th. Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a research note on Thursday, July 30th. Jefferies Financial Group restated a "buy" rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Stephens lowered their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average target price of $190.00.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.

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